NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:
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Posted On: 07/02/2020 3:47:27 PM
NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Plans for Asphalt Ridge Following Valkor and TomCo JV
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, noted today’s earlier announcement issued by TomCo Energy PLC. Per the update, following the establishment by TomCo of a joint venture company, Greenfield Energy LLC (“Greenfield”) with Valkor LLC (“Valkor”) on June 17, Greenfield will take over the management and operations of Petroteq’s oil sands plant at Asphalt Ridge, Utah (the “POSP”). As indicated in TomCo’s announcement, Greenfield intends to make certain upgrades to the POSP and undertake tests to assess its potential commerciality. Valkor remains party to a July 2, 2019 non-exclusive technology licensing agreement with Petroteq, as amended, in respect to the POSP.
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Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, noted today’s earlier announcement issued by TomCo Energy PLC. Per the update, following the establishment by TomCo of a joint venture company, Greenfield Energy LLC (“Greenfield”) with Valkor LLC (“Valkor”) on June 17, Greenfield will take over the management and operations of Petroteq’s oil sands plant at Asphalt Ridge, Utah (the “POSP”). As indicated in TomCo’s announcement, Greenfield intends to make certain upgrades to the POSP and undertake tests to assess its potential commerciality. Valkor remains party to a July 2, 2019 non-exclusive technology licensing agreement with Petroteq, as amended, in respect to the POSP.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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